kruser53

Preserving Wealth During the Global Banking Crisis

Great comment stream for a great article. Prudentinvestor has made some particularly good points.

Preserving Wealth During the Global Banking Crisis

Thanks to another SA reader for e-mailing me a link to this exceptional article this morning.

Alex Trias, you have some very good thoughts. I agree we are going to some level of privatization and government ownership to get through this deleveraging process. I am afraid that we may replace the oft quoted saying "We are all Keynsians now" with a new saying: "We are all socialists now". And, if so, we have been lead there by the captains of capitalism who get to keep their billions while the rest of us struggle to climb out of the yoke of socialistic slavery.